The Century Yarn Joint Stock Company (STK) has released its audited financial statements for 2024, showing significant changes in profit. According to the data, STK’s net profit reached 50 billion VND, a 20% decrease compared to the previous year. The main reasons identified include increased raw material costs and a decline in product demand. Other contributing factors include rising administrative and financial expenses. The company has made efforts to cut operational costs and improve production processes to optimize profits in the coming years. Despite the challenges faced in 2024, STK remains optimistic about future prospects, anticipating a market recovery and increased product demand. The company is also actively seeking new investment opportunities and developing products to enhance its competitiveness.
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